Onex (OTCMKTS:ONEXF) Stock Price Crosses Above 50 Day Moving Average - What's Next?

Onex Co. (OTCMKTS:ONEXF - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $68.22 and traded as high as $77.56. Onex shares last traded at $77.36, with a volume of 3,784 shares traded.

Analyst Upgrades and Downgrades

Separately, Scotiabank reiterated an "outperform" rating on shares of Onex in a report on Thursday, April 24th.

Onex Stock Performance

The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $5.56 billion, a PE ratio of 8.78 and a beta of 1.31. The business has a 50 day simple moving average of $68.35 and a 200 day simple moving average of $74.73.

Onex (OTCMKTS:ONEXF - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The company reported $2.36 earnings per share (EPS) for the quarter. The firm had revenue of $211.00 million for the quarter. Onex had a net margin of 68.14% and a return on equity of 7.94%.

Onex Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a dividend of $0.0704 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a yield of 0.41%. Onex's payout ratio is presently 4.35%.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

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